Prime Minister Rishi Sunak views the decrease in inflation as a positive sign, highlighting economic growth outpacing major countries, rising wages, and reduced energy bills.
Analysts believe a rate cut in June is unlikely despite the drop in inflation, with differing opinions on the necessity of rate adjustments.
The concept of inflation is explained as the increase in prices over time, with the current rate of 2.3% indicating a slower price rise compared to previous periods.
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